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Chipotle CEO warns 'the consumer is sitting on the sideline' after chain reports decline
According to Fortune, Chipotle CEO Scott Boatwright pointed to cautious consumers when speaking to investors after the chain saw a dip in sales and lower-than-expected quarterly revenues. The publication reported that Chipotle reported a 6.4% boost in quarterly revenues to $2.44 billion, falling short of an expected $2.95 billion.
Chipotle’s same-store sales turned negative for the first time since 2020, and economic uncertainty is the primary culprit. A ...
Chipotle continued its strong performance in 2024. How is the CMG story going to unfold from here? Click here to find out.
The slowdown in consumer spending is to blame for negative same-store sales in the first quarter for the fast-casual chain.
In an interview with Yahoo Finance (video above), CEO Scott Boatwright said Chipotle's recent customer study found that ...
The restaurant chain plans to improve CX through friendliness. “The fact is smiles down the line don't slow us down,” CEO ...
It was a tough first quarter for the fast-casual chain, which was blamed on slower consumer spending. CEO Scott Boatwright ...
The spring months typically kick off what Chipotle calls "burrito season" — the busiest time of the year for the chain, from ...
Chipotle ( NYSE: CMG) fell in early trading on Thursday after warning that it sees a slowdown in consumer spending. CEO Scott ...
In an interview with Yahoo Finance, CEO Scott Boatwright said it does not plan to raise prices "anytime in the near future" ...
Chipotle Mexican Grill bills itself as Mexican-inspired, and is about to test how its interpretation goes down in the cuisine's home country. Boatwright said Chipotle wasdifferent given its ...
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